Applied Digital: AI Demand Drives Revenue Surge
Update: 2025-10-09
Description
Applied Digital's stock jumps as first-quarter revenue surges 84%, fueled by booming demand for AI data centers! A massive deal with CoreWeave drives expected lease revenue to $11 billion, positioning the company as a key player in the AI revolution. While costs are up, a smaller-than-expected loss per share signals a bright future as more AI deals are anticipated. Is Applied Digital the next big AI infrastructure winner?
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